"In 2023, the ecosystem of satellite navigation and location services industry continues to expand, and the development trend of '+BeiDou' is obvious, with economic benefits gradually emerging, effectively driving the sales of basic components in the upstream of the industry chain. Deeply integrating into the digital economy, BeiDou promotes the formation of new quality productivity in time and space. At the same time, the continuous improvement of BeiDou's international influence is also driving the development of BeiDou's overseas applications." At the press conference of the "2024 White Paper on the Development of China's Satellite Navigation and Location Services Industry" held recently, Yu Xiancheng, President of the China Satellite Navigation and Positioning Association, stated that in the coming years, China's satellite navigation and location services industry will once again enter the fast lane of development. It is reported that the overall output value of China's satellite navigation and location service industry reached 536.2 billion yuan in 2023, an increase of 7.09% compared to 2022. Among them, the core industrial output value, including chips, devices, algorithms, software, navigation data, terminal equipment, infrastructure, etc. directly related to the research and application of satellite navigation technology, increased by 5.5% year-on-year, reaching 161.1 billion yuan, accounting for 30.04% of the overall output value. The related output value generated by satellite navigation applications and services increased by 7.79% year-on-year, reaching 375.1 billion yuan, accounting for 69.96% of the overall output value. At present, the supply chain of Beidou's basic products is stable, with a series of basic products such as chips, modules, and antennas constantly iterating and upgrading, and the cost-effectiveness continuously improving. It has achieved a production scale of billions of yuan, effectively supporting the safe and stable development of the independent industrial chain and supply chain. The professional application market of Beidou is constantly expanding. According to incomplete statistics, as of the end of 2023, the total number of Beidou terminal equipment applications in major industries and fields in China is approximately 25 million units (sets). The Beidou Volkswagen application has achieved outstanding results and is becoming a standard configuration for consumer products such as smartphones and wearable devices. In 2023, the domestic shipment volume of smartphones was 276 million units, of which 269 million smartphones supported BeiDou positioning function, accounting for about 98%. In 2023, the overall growth rate of China's satellite navigation and location service industry was better than in 2022, and the overall economic benefits of the industry showed a steady recovery trend. "With the gradual recovery of national economic development, the digital transformation and intelligent upgrading of various industries have begun to release the demand for satellite navigation equipment and spatiotemporal data, injecting vitality into the development of the BeiDou spatiotemporal information application and service market. At the same time, the promotion of national and industry policies and plans has also effectively promoted the deepening application of BeiDou in various industries and fields, and the market activity is constantly increasing." Yu Xiancheng said. Li Donghang, President of the Beidou Space Time Technology Research Institute of the China Satellite Navigation and Positioning Association, believes that with the recovery of the macro economy, the demand for application services in various fields has been released to a certain extent, and government procurement investment and industry user order scale have increased year-on-year, resulting in an overall better revenue situation in the downstream service market of the satellite navigation and position service industry in 2023 than in 2022. The shipment volume of traditional advantageous markets such as smartphones, smart wearable devices, in vehicle navigation systems, road transportation, public security individual equipment, high-precision timing of mobile communication base stations, automatic driving of agricultural machinery, and remote monitoring have all shown varying degrees of recovery